Press Release May 2009 The Future Of Oil & Gas Business Networking       – May 08, 2009 – Houston, Texas. USA - Oil and gas professionals now have the ability to network, find oil jobs, share technical information and generate new business opportunities in a professional online environment confined only to those in the petroleum industry. The website has similar features to sites such as Facebook and LinkedIn but provides specificity that other networks may have trouble attaining.The service is 100% free for members! It is a place to meet petroleum engineers, professionals, academia and traders. All members can utilize the site to make new connections, share technical information and search the latest oil jobs. Members create a profile and then connect with other members. Within the site, there are industry specific features such as a Q & A section where members post their questions and receive answers from other members. The Oil Job section is the place to view the latest job vacancies from top recruiters and oil companies and apply directly. Members can also create an online CV, viewable by all recruiters and employers that visit the site. Other features include an advanced group section, where members can affiliate over a common interest. The site has been launched in web 2.0 and has all of the features oil and gas personnel require, including a document sharing facility and an oil dashboard, showing live oil prices and news. Petroleum Network LLC recognizes that oil and gas professionals need to network online with each other more than any other professional group: Oil and gas professionals have always done business through real life networking, the costs incurred are somewhat overwhelming. The rise in the costs of attending networking events, promotional fairs and travel have made companies and industry professionals rethink the way in which today's objectives are met. http://www.petroleumnetwork.com, is the future of oil and gas business networking. You get the same results using http://www.petroleumnetwork.com as in real life, the difference being a global reach, at a fraction of the cost. Petroleum Network LLC, further remarks on the importance of sharing technical knowledge from the aging workforce to The Y Generation: It is particularly important to recognise that the industry is heavily specialized. Technical knowledge’ is pervasive and valuable. Petroleum Network can facilitate the sharing of technical knowledge from the older generation of retiring workers to the younger workers just entering the industry, (the Y Generation). Such sharing of tacit knowledge is considered essential in addressing safety and reliability issues in the petroleum industry. Petroleum Network has been designed to help alleviate the talent crises in the upstream sector of the petroleum industry: This issue has become particularly critical of late, given the sector’s aging workforce, combined with a diminishing pipeline of new and experienced talent. To guard against corporate brain drain, companies need to formulate effective strategies to attract and engage the industry’s newest resource: Generation Y. Research has shown that the new generation of workers are accustomed to the exchange of information through the use of social network scenarios. The petroleum industry needs to be reaching out to Generation Y in the same way members of Generation Y are communicating with one another. Petroleum Network offers all of the ingredients that Y Generation are accustomed to. The company believes petroleumnetwork.com to be a tremendous asset to all those in the petroleum industry.